7 unchanged sentences
There can be no assurance that the consequences of these actions, given our global operations, will not have a material adverse effect upon our business, financial condition, results of operations or cash flows.
−Removed: For example, in February and March 2025, the U.S.
−Removed: presidential administration announced new and substantial tariff increases on imports to the United States from China, Mexico and Canada, On March 12, 2025, the U.S.
−Removed: government imposed a 25% tariff on steel imports, and on April 2, 2025, the U.S.
−Removed: government announced a 10% tariff on product imports from almost all countries and individualized higher tariffs on certain other countries, most notably, a 145% tariff on substantially all products of Chinese origin.
+Added: For example, since February 2025, the U.S.
+Added: presidential administration has announced new and substantial tariff increases on imports to the United States from China, Mexico, Canada and India.
+Added: Since then, various modifications and delays to these tariffs have been implemented, with further changes anticipated.
+Added: These modifications include additional sector-specific tariffs or other measures.
These actions have resulted in retaliatory measures on U.S.
−Removed: goods and have begun to impact our business.
+Added: goods and have had a direct impact on our business.
Several tariff announcements have been followed by announcements of temporary pauses and limited exemptions, such as the temporary exemption for goods that enter the U.S.
−Removed: as qualifying goods under the U.S.
−Removed: Mexico Canada Free Trade Agreement, for which the majority of our products from Mexico for the U.S.
+Added: as qualifying goods under the United States-Mexico-Canada Agreement (“USMCA”), for which the majority of our products from Mexico for the U.S.
market are certified compliant, or expected to be certified compliant.
−Removed: If maintained, the newly announced tariffs and the potential escalation of trade disputes would pose a significant risk to our business and would affect our revenue and cost of goods sold.
+Added: These temporary exemptions, including those we are availing ourselves to under the USMCA, may be reduced or eliminated in the future.
+Added: The ongoing trade disputes associated to these tariff measures and the potential escalation of trade disputes would pose a significant risk to our business and would affect our revenue and cost of goods sold.
For example, we have raised the prices of certain of our products in response to cost increases we have incurred on purchases of finished and other goods and some raw materials due to tariffs.
−Removed: The extent and duration of the tariffs and the resulting impact on general economic conditions and on our business are uncertain and depend on various factors, such as negotiations between the U.S.
+Added: The extent and duration of the tariffs and the resulting impact on general economic conditions and our business are uncertain and depend on various factors, such as negotiations between the U.S.
and affected countries, the responses of other countries or regions, exemptions or exclusions that may be granted, availability and cost of alternative sources of supply, and demand for our products in affected markets.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.